Renewables

European Commission President Von der Leyen visits energy companies in Podgorica, Belgrade

European Commission’s President von der Leyen visits energy companies in Podgorica, Belgrade

Photo: Master Solar

Published

November 2, 2023

Comments

comments icon

0

Share

Published:

November 2, 2023

Comments:

comments icon

0

Share

European Commission President Ursula von der Leyen visited two energy companies during her four-day tour of the Western Balkans. She reiterated that a EUR 6 billion investment plan for the region is in preparation.

During her four-day visit to the region, European Commission President Ursula von der Leyen recalled that the European Union is preparing a EUR 6 billion investment package for the Western Balkans.

Between meetings with top officials, Von der Leyen stopped to check out two energy projects funded by the EU.

In Montenegro, she went to see a power substation. In Serbia, the head of the 27-member bloc’s executive body visited Master Solar, a company that produces solar collectors near Belgrade.

Von der Leyen met with the leadership of the Montenegrin TSO Crnogorski elektroprenosni sistem (CGES), including Chairman of the Board of Directors Aleksandar Mijušković and Executive Director Ivan Asanović.

The facility she visited is one of 15 in the country within the Trans-Balkan electricity corridor. The EU funded the purchase of state-of-the-art equipment for their modernization, CGES said.

The total investment in Montenegro’s electrical grid modernization exceeds EUR 144 million

The EU has approved EUR 25 million in non-repayable grants for Montenegro to enhance this network, reduce disruptions and losses, and mitigate the effect of rising electricity prices on residents, industry, and investors. The company said the total investment in the modernization of Montenegro’s electrical grid exceeds EUR 144 million including CGES’s funds.

Visit to the solar collector plant in Belgrade

In Serbia, the European Commission chief visited Master Solar in Surčin in Belgrade. It specializes in the integration of large-scale solar thermal system projects and the production of solar collectors.

The company, supported by EU funds, exports over 95% of its production portfolio. Von der Leyen expressed hope that there would be many more similar projects within the new investment plan for the Western Balkans.

EUR 1.5 billion in European funds allocated for climate action and renewable energy

At the recent Berlin Process Summit in Tirana, the EU announced it would approve a EUR 6 billion investment package for Western Balkan countries. The region can expect EUR 2 billion in grants and EUR 4 billion in loans.

Out of the total, EUR 1.5 billion is set to be earmarked for climate action and renewable energy projects.

The approval of the package depends on the progress of reforms and meeting conditions that include integrating the Western Balkans into the EU’s single market and establishing a single regional market.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Schneider Electric Energize pharmaceutical healthcare companies PPA

World’s leading pharmaceutical, healthcare companies ink PPA within Schneider Electric’s Energize initiative

14 February 2025 - Energize, an initiative created by Schneider Electric, aims to accelerate renewable energy adoption within the pharmaceutical value chain

ETIP SNET seeks input strategic paper AI smart grids

ETIP SNET seeks input for strategic paper on AI in smart grids

14 February 2025 - ETIP SNET drafted a strategic position paper – guide for unlocking AI and GenAI potential in smart grids and the energy transition

NGEN commissions Austria’s largest battery storage system

NGEN commissions Austria’s largest battery storage system

13 February 2025 - Slovenia-based NGEN put Austria’s largest battery energy storage system into operation. It installed it in record time – just seven months.

Data centers threaten derail Europe energy transition

Data centers threaten to derail Europe’s energy transition

13 February 2025 - The expansion of data centers in the EU and UK can strongly increase emissions if they rely even partly on fossil fuels, a new report shows